Tag: industry news
5 of the hottest electric cars on the market and 5...
Electric cars are growing in popularity. With each coming month, more and more Americans are growing warmer to the idea of owning an electric...
President Biden signs CHIPS bill allocating $52 B for US semiconductor...
Yesterday, President Joe Biden signed the bipartisan CHIPS and Science Act legislation into law, intending to increase American semiconductor competitiveness with China. The plan provides billions...
California DMV accuses Tesla of deceptive marketing for its self-driving tech
The California DMV has accused Tesla in two separate filings of the use of deceptive marketing practices. Specifically, the company has been using terms such as “autopilot” and...
Software pioneer and Reynolds & Reynolds owner Robert “Bob” Brockman passes...
Robert "Bob" Brockman, a Texas businessman and icon, passed away at 81. Brockman was most known for his roles in building Universal Computer Systems,...
US lawmakers set their sights on reviving self-driving car legislation
As self-driving technologies begin to hit the market, new laws need to be enacted to create order at a federal level. Now, self-driving vehicles...
Carvana posts $439 M net loss for Q2, sales volume increases
Last Thursday, Carvana completed its second-quarter earnings call between the company, shareholders, and analysts to discuss performance and corporate activities. According to an official...
Senate passes Inflation Reduction Act, expands EV tax credits with conditions
Controversial news for the electric vehicle industry and automakers as the Senate passed a slimmed-down version of the Inflation Reduction Act. The bill now...
Elon Musk predicts inflation easing and doubles down on mild recession...
During a shareholder meeting on Thursday, Tesla’s CEO Elon Musk was asked by his investors how the economy would affect spending habits in the...
Lucid Motors decreases EV production target by 50%
Supply chain problems continue to affect automakers, including Lucid Motors, who once again slashed EV production goals for the year. Shares of the vehicle...
Toyota remains most-shopped in Q2, says Kelley Blue Book Brand Watch
According to the most recent Kelley Blue book Brand Watch report, high gas prices have caused consumers of non-luxury automobiles to consider traditional cars at...
